Superannuation

Superannuation Contribution Limits

Posted on Posted in Small Business, Superannuation, Tax Planning, Taxation

Superannuation Contribution Concessional Cap Limits Superannuation contribution cap limits 2015-2016 need to be considered with the financial year finishing next week. There are two types of super contributions: concessional (before-tax) contributions non-concessional (after-tax) contributions. Types of concessional (before-tax) contributions include: employer contributions, such as compulsory employer contributions paid by your employer any additional pre-tax super […]

SuperStream - Are you ready?

SuperStream deadline is approaching

Posted on Posted in Book keeping, Small Business, Superannuation, Tax Planning, Taxation

SuperStream deadline is rapidly approaching With the June 30 deadline rapidly approaching, the Australian Taxation Office is encouraging small businesses to make becoming SuperStream ready a priority. SuperStream – the standardisation of how employers make super contributions on behalf of their employees – involves employers sending all super payments and employee information electronically in a […]

Do you need to register for GST

Do you need to register for GST

Posted on Posted in GST, Taxation

Do you need to register for GST? One of the first things you need to do when starting a business or contracting as an individual is to understand the implication of the GST system.In particular, do you need to register for GST? The Federal Government requires entities including individuals to consider if they have to […]

Superannuation

Superannuation getting started

Posted on Posted in Superannuation, Taxation

Superannuation For most people, superannuation begins when you start work and your employer starts paying super for you. If you’re a contractor, you may also be entitled to super. If you’re self-employed, you can choose whether to contribute super for yourself. You should provide your tax file number (TFN) to your employer and/or super fund. […]

Motor Vehicle Claims

New rules for Motor Vehicle claims

Posted on Posted in Taxation

New Rules for Motor Vehicle Claims. Are you a sole trader or an individual in a partnership? Do you claim a deduction for business-related car expenses when you do your tax return? New rules for Motor Vehicle claims have been legislated. There have been changes to how you calculate your deduction. Read about the changes […]